Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
DeFi Projects
Are Smart Contracts the Only DeFi Sector’s Guarantee on User Safety?
The security situation within the DeFi sector has been one of the top issues for users. Many new projects and inventions make attempts to address it a priority. These projects make several attempts to provide some slight assurance of user safety to users as a result. Among the key lines of thought is improving project anonymity. Using items like crypto tumblers may enhance the ability of masking. Another angle of improving user safety is targeting malware that carries out phishing…
4 years ago
Should DeFi Projects Be Subject to Regulations?
The Decentralized Finance (DeFi) space is so vibrant that it's hard to grasp the longevity of its applications. According to statistics from coinmarketcap, the market cap of DeFi is over $112bn. For that, financial watchdogs are having a hard time keeping up with such an explosive industry. Just recently, a hacker managed to scoop up to $600 of crypto from the Poly network. Such a security breach has ignited talks on whether regulators should be more involved in overseeing the…
4 years ago